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Europe Austerity

How Europe Can Escape the Austerity Trap

Jacques Attali | Posted 04.16.2014 | World
Jacques Attali

europeunemployment.jpg It will become clear sooner rather than later that the present rigorous and painful course of austerity will not on its own solve the specific problems that European citizens face in their lives.

Michael McAuliff

Senator Hammers Heritage Foundation Testimony At Hearing

HuffingtonPost.com | Michael McAuliff | Posted 06.05.2013 | Politics

WASHINGTON -- Sen. Sheldon Whitehouse (D-R.I.) slammed a Heritage Foundation economist in an open Senate hearing Tuesday, suggesting the conservative ...

EU To Slow Pace Of Austerity

AP | JUERGEN BAETZ and RAF CASERT | Posted 07.29.2013 | Business

BRUSSELS — The European Union softened its demands for austerity Wednesday when it gave France, Spain and four other member states more time to ...

Reality 1, Austerity 0

Robert Kuttner | Posted 04.28.2013 | Politics
Robert Kuttner

It's been a very bad week for the merchants of austerity. In Europe, the just-released statistics on first quarter performance show EU nations sliding deeper into recession. In Spain and Greece, unemployment rates are approaching a staggering 30 percent. In Britain, the Tory government took as good news the fact that the UK managed to eke out 0.3 percent growth. Even Germany, the prime sponsor of these policies, is on the edge of recession. You don't promote growth by slashing demand. Supposedly, fiscal tightening improves business confidence. But if some entrepreneur somewhere decided to break ground for a new factory because the president and Congress at last cut the budget, nobody could find such a person. Even the Washington Post editorial page, which has long been promoting a budget bargain built on more cuts, warned in its lead Sunday editorial, that austerity is pinching too hard -- in Europe, that is. How about at home?

As Europe Sickens, Its Austerity Poison Is Our Prescription

Richard (RJ) Eskow | Posted 06.02.2013 | Politics
Richard (RJ) Eskow

What can we learn from Europe's misery? For our political leaders the answer seems to be: nothing. In fact, Washington seems determined to follow in Europe's footsteps.

Scores Arrested At Anti-Austerity Protest In Spain

Reuters | Posted 04.26.2013 | World

MADRID, Feb 24 (Reuters) - Forty-five people have been arrested in Spain during disturbances following a demonstration on Saturday by tens of thousa...

Note to Italy: Please Send Us More Saracenos

William K. Black | Posted 02.05.2013 | Business
William K. Black

Italians have to choose. They can continue to waste the talents of millions of Italians, particularly their young, through Great Depression levels of unemployment. Alternatively, Italy could decide to end its recession, employ its people and create a group of world class universities.

Strikes Sweep Europe To Protest Austerity

Reuters | Posted 01.14.2013 | World

* Police, protesters clash in Madrid; 81 arrests in Spain * Flights, trains cancelled, factories at standstill * Demonst...

Europe's Agony Could Become Our Future Under Mitt Romney

Richard (RJ) Eskow | Posted 12.25.2012 | Politics
Richard (RJ) Eskow

It takes a blind eye for history and a deaf ear for economics not to understand that Europe's agonies could soon become our own. And let's not forget: as bad as things are in Europe, they can always get worse.

Let Them Eat Cake: Austerity Hits Even European Royals

AP | Posted 07.19.2012 | World

MADRID — Spain's Crown Princess Letizia has a penchant for haute couture. Queen Elizabeth II's Bentleys are spotless. Belgium's King Albert II maint...

New G20 Austerity Measures Required To Address Tuberculosis

Kari Stoever | Posted 09.15.2012 | Impact
Kari Stoever

Tuberculosis is a political disease. And like many neglected infectious diseases, it won't stay silent for long.

Europe's Newest Dirty Word: 'Austerity'

AP | SARAH DiLORENZO and DAVID McHUGH | Posted 07.07.2012 | Business

PARIS — The day after Francois Hollande rode to power in France on a slogan of "change now," the conversation in Europe was already different Mo...

Sarkozy's Footsteps: Will the Democrats Be Next?

Richard (RJ) Eskow | Posted 07.07.2012 | Politics
Richard (RJ) Eskow

Democrats should consider Sarkozy's fate a cautionary tale -- and a call to action. If they rally around the cause of growth, jobs, and optimism, the nation will benefit and they'll rewarded at the polls.

Eurozone Unemployment Hits Record High

AP | PAN PYLAS | Posted 07.02.2012 | Business

LONDON — The 17 countries that use the euro are facing the highest unemployment rates in the history of the currency as recession once again spr...

A Modern Greek Tragedy

George Kenney | Posted 04.10.2012 | World
George Kenney

The fault accrues much more to Eurozone authorities than to Greece because, politically, the Europeans have long dodged the critical fact that their limited currency union is unworkable.

Nearly All EU Countries Reach Deal In Aim To End Crisis, Stimulate Growth

AP | SARAH DiLORENZO and GABRIELE STEINHAUSER | Posted 03.31.2012 | Business

BRUSSELS — All European Union countries except Britain and the Czech Republic agreed Monday to sign a new treaty designed to stop overspending i...

Stiglitz: Europe's Austerity Plans A 'Suicide Pact' That Will Collapse Economies

The Telegraph | Malcolm Moore | Posted 01.17.2012 | Business

Imposing austerity measures as countries slow towards recession is a fundamentally flawed response, said Mr Stiglitz, who won the Nobel prize in 2001 ...

Massive Strikes Promise Headaches For European Travelers

AP | By RAF CASERT | Posted 12.22.2011 | World

BRUSSELS -- Holiday strikes to protest austerity measures paralyzed ground traffic in Belgium, delayed flights in Paris, and promised days of headache...

OECD: Europe Must Act To Stop Youth Jobs Crisis

Posted 12.13.2011 | Business

PARIS (Anna Maria Jakubek) - Europe must invest in jobs for young people despite the reigning climate of austerity or risk long-term consequences ...

Italy Receives Stiff Warning On Emergency Austerity Plan

AP | By FRANCES D'EMILIO | Posted 11.03.2011 | Business

CERNOBBIO, Italy -- Italy's government, waffling for weeks on an emergency austerity plan, received a stern warning Saturday from the European central...

Krugman: European Central Bank Not Facing 'Failure Of Its Fantasies'

The New York Times | Paul Krugman | Posted 07.23.2011 | Business

I often complain, with reason, about the state of economic discussion in the United States. And the irresponsibility of certain politicians — like t...

European Science Programs Fall Victim To Austerity Cuts

Washington Post | Anthony Faiola | Posted 05.25.2011 | World

MEYRIN, Switzerland -- Using a machine kept colder than space, scientists at the world's most ambitious international research facility are puzzling o...